In yesterday’s Wall Street session, RTX Corp (NYSE:RTX) shares traded at $118.98, up 0.83% from the previous session.
RTX stock price is now -2.50% away from the 50-day moving average and 11.50% away from the 200-day moving average. The market capitalization of the company currently stands at $158.36B.
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With the price target enhanced from $109 to $129, Deutsche Bank Upgraded its rating from Sell to Hold for RTX Corp (NYSE: RTX). On July 31, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $110 to quote $140, while ‘Alembic Global Advisors’ rates the stock as ‘Overweight’
In other news, HAYES GREGORY, Executive Chairman sold 134,887 shares of the company’s stock on Jul 31 ’24. The stock was sold for $15,880,937 at an average price of $117.74. Upon completion of the transaction, the Executive Chairman now directly owns 566,723 shares in the company, valued at $67.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, EVP, Chief Financial Officer Mitchill Neil G. JR sold 4,322 shares of the business’s stock. A total of $498,908 was realized by selling the stock at an average price of $115.43. This leaves the insider owning 66,470 shares of the company worth $7.91 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, RTX Corp has had a low of $78.00 and a high of $128.70. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 0.99, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $197175328768, which is based on a 33.98 price-to-earnings ratio, a 3.31 price-to-earnings-growth ratio, and a beta of 0.88. The fifty day moving average price for RTX is $122.0306 and a two-hundred day moving average price translates $106.5394 for the stock.
The latest earnings results from RTX Corp (NYSE: RTX) was released for 2024-09-30. The net profit margin was 5.97% and return on equity was 7.22% for RTX. The company reported revenue of $20.09 billion for the quarter, compared to $13.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.21 percent.
